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When buying a distressed property you will likely will be dealing with a motivated seller and or bank. With recent market changes, many of these properties are selling quickly, as many investors and buyers are taking advantages of today’s incredible rates.
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For the most part listing agents (representing the bank or seller) are interested in having these homes off the market so they can begin the negotiation stage. There are times that you are able to purchase homes slightly below the market rate depending on strategy. Knowing whether or not a home in a certain area is located in an area where value retention is viable is something we can help you asses.

 

How do I know if I am a Distressed Seller?

At Skoglin Real Estate, we have assisted more than 90 clients in the most recent years with finding ways to create the best solutions for them. Having completed CDPE (Certified Distressed Property Expert) certification we are able to use our level of education and awareness of today’s “distressed market” to ease our clients worries with results. We create options for our sellers that may be in default (missed payments) or those that are facing challenges for them to stay in their home. There are various options through loan modifications and legal consulting that will help figure out what is the best path for your future. As always this information is always private and we pride ourselves to use upmost discretion. We understand that jobs transfers, illness, income changes and other factors are constantly issues that come up for our neighbors, friends and family and we are here to assist in figuring out what is truly the best next step.

 

Disadvantages of Purchasing a Distressed Property

Usually most assume that buying a distressed home you are going to get a great deal! That is not always the case. With inventory being so low, the San Diego market is changing. One of the biggest issues with buying a distressed home is the sale process. It’s sometimes not clear which lending institution actually owns a mortgage loan, and it can take time to get the bank to approve the sale. For the most part, homes in San Diego are in maintained condition, however, at times bank owned or foreclosed properties can be deemed “fixers”. For a list of all the active distressed homes for sale in San Diego please use our search icon below to browse. To find out more about how our experience representing distressed sellers and those buyers interested in learning more, please contact us.

 

Search Distressed Properties

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$525,000 - 3Br/3Ba -  for Sale in Rancho Scripps, San Diego
$525,000
MLS# 190061728

9722 Aviary Dr
San Diego, CA 92131

Property Type: Townhome
Offered by: Harcourts Prime Properties
$499,999 - 3Br/3Ba -  for Sale in Lake Rancho Viejo, Fallbrook
$499,999
MLS# 190053111

3637 Lake Shore Rd
Fallbrook, CA 92028

Property Type: Detached
Offered by: Reef Point Realty, Inc
$499,900 - 3Br/3Ba -  for Sale in Pacific Valley Estates, San Diego
$499,900
MLS# 190064179

2247 Ilex Ave
San Diego, CA 92154

Property Type: Detached
Offered by: Coldwell Banker West
$499,900 - 4Br/3Ba -  for Sale in Chula Vista
$499,900
MLS# SR19147732

1417 Filmore Place
Chula Vista, CA 91913

Property Type: Detached
Offered by: Andrew John Young
$499,000 - 4Br/2Ba -  for Sale in San Diego Country Estates, Ramona
$499,000
MLS# 190054377

24413 Watt Rd
Ramona, CA 92065

Property Type: Detached
Offered by: Big Block Realty
$475,000 - 3Br/3Ba -  for Sale in Meadow Villas, Carlsbad
$475,000
MLS# 190040196

2886 Luciernaga St.
Carlsbad, CA 92009

Property Type: Townhome
Offered by: Harcourts Prime Properties
$475,000 - 4Br/2Ba -  for Sale in San Diego Country Estates, Ramona
$475,000
MLS# 190064406

16203 Aneas Court
Ramona, CA 92065

Property Type: Detached
Offered by: Coldwell Banker Res Brokerage
$474,900 - 3Br/2Ba -  for Sale in Lakeside, Lakeside
$474,900
MLS# 200001440

8920 Lakeview Road
Lakeside, CA 92040

Property Type: Detached
Offered by: Keller Williams Realty
$474,500 - 2Br/2Ba -  for Sale in Cortez Hill, San Diego
$474,500
New
MLS# 200002932

1650 8th Ave 404
San Diego, CA 92101

Property Type: Attached
Offered by: Allison James Estates & Homes
$472,000 - 3Br/2Ba -  for Sale in Jenning Vista, Lakeside
$472,000
MLS# 190063364

14215 Jennings Vista Court
Lakeside, CA 92040

Property Type: Detached
Offered by: Century 21 Award
$469,000 - 3Br/2Ba -  for Sale in Rancho Tres Lagos, Spring Valley
$469,000
MLS# 190033562

10169 Tres Lagos Court
Spring Valley, CA 91977

Property Type: Detached
Offered by: Century 21 Award
$465,000 - 4Br/3Ba -  for Sale in Cimarron, Escondido
$465,000
MLS# 190035104

2006 Skyview Glen
Escondido, CA 92027

Property Type: Detached
Offered by: HomeSmart Realty West